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Strat's PASR Long Term, Stress Free Trading

  • #6,621
  • Sep 6, 2018 9:36am Sep 6, 2018 9:36am
PASR

Quoting Mhons
{quote} Hello Strat, thank you for your comments in this case, When I did my research in history this case is pretty often, when S/R is settled in BB and B timeframe, but in worker before price goes away from this S/R makes this "pin bar" how non PASR trades called it, to get retailers into positions against Big boys and create liquidity for theirs opposite positions, next candle make false break and then closed as hammer. Even if I made mistake and went short, I should close it next day because I have had to see this hammer so loss should be only...
When PASR fails as it does at times since no strategy/method/system/black box is 100%, always immediately CLOSE your position(s).

Most of the time, when PASR fails, it is due to some unforeseen negative news event, geopolitical issue or geographical disaster/catastrophe causing the Market and therefore PRICE to go out of balance.

Wait at least 24 hours and maybe more depending on the particular circumstance, for the Market and PRICE to recover and resume balance.

Out of balance Markets under these conditions create volatility and high volume and are ideal for short term traders to capitalise on.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,622
  • Sep 6, 2018 9:41am Sep 6, 2018 9:41am
For AUD fans, worth a look at AUDUSD for next week (maybe)
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  • #6,623
  • Edited 12:39pm Sep 6, 2018 9:56am | Edited 12:39pm
PASR Trade Management

Quoting Rufus
Hi Strat and team Wanted to ask a couple things last night but got home dog tired and buried in paperwork. So this morning it is. The knee jerk move in the Pound yesterday. I closed half of my GBPCAD position at about 170 pips. My target is way more then this. Trading a boss swing. So Strat, In situations like this when you are trading for a bigger move and announcements like this are messing with your position, do you ignore them and let the position move as it will or do you reduce size, close??? It seems sometimes that the move is orchestrated...
So Strat, In situations like this when you are trading for a bigger move and announcements like this are messing with your position, do you ignore them and let the position move as it will or do you reduce size, close???

John, that is a "how long is a piece of string" question. The answer is always on a case by case basis as each situation, and, how each trader views and analyses the situation, is almost always different.

In my case on GBPCAD, I am positioned long trading the Boss Swing UP on the Worker. The reaction to whatever caused the move was up and in my favour so there was nothing for me to worry about. Had the reaction been selling against my positions, I would have to re- analyse PASR again on our 3 time frame basis. Checking in again on GBPCAD this morning and everything is moving in accordance with PASR so PRICE is back in balance.

Does this answer your question?
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,624
  • Sep 6, 2018 10:02am Sep 6, 2018 10:02am
Quoting strat
PASR Trade Management {quote} So Strat, In situations like this when you are trading for a bigger move and announcements like this are messing with your position, do you ignore them and let the position move as it will or do you reduce size, close??? John, that is a "how long is a piece of string" question. The answer is always on a case by case basis as each situation, and, how each trader views and analyses the situation, is almost always different. In my case on GBPCAD, I am positioned long trading the Boss Swing up on the Worker. The reaction...
Hello Strat, when was your first entry at GBPCAD? 08/29/2018 ?
  • #6,625
  • Sep 6, 2018 10:07am Sep 6, 2018 10:07am
EURAUD

Quoting darko2010
{quote} EURAUD update Actually, I shouldn't be thanking Strat, I should be apologizing to him... He was too kind and gracious not to rip me a new one when I first posted my EURAUD H4 swing attempt but I am sure he knew that it was way too early and that a shooting star, however nice it may look, does not reverse a trend. For those of you willing to try your hand at swing trading, my personal take is: - bear in mind that the higher TF ALWAYS prevails, what you hope for is not what happens necessarily - you may get a better shot at success if price...
Actually, I shouldn't be thanking Strat, I should be apologizing to him...
He was too kind and gracious not to rip me a new one when I first posted my EURAUD H4 swing attempt but I am sure he knew that it was way too early and that a shooting star, however nice it may look, does not reverse a trend.

Hi Arno, I purposely avoided commenting on it because you have always been helpful helping others on here and since you just returned from a brief hiatus, I did not want to discourage you from posting again.

However, I did hope you would see my later post:

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15 YEARS OF PASR ON FOREX FACTORY!
  • #6,626
  • Sep 6, 2018 10:13am Sep 6, 2018 10:13am
Quoting strat
EURAUD {quote} Actually, I shouldn't be thanking Strat, I should be apologizing to him... He was too kind and gracious not to rip me a new one when I first posted my EURAUD H4 swing attempt but I am sure he knew that it was way too early and that a shooting star, however nice it may look, does not reverse a trend. Hi Arno, I purposely avoided commenting on it because you have always been helpful helping others on here and since you just returned from a brief hiatus, I did not want to discourage you from posting again. However, I did hope you would...
I did see it, I managed my position accordingly when I saw strong rejection on EMA 20 and I was waiting for an opportune PA on EURAUD to share what will hopefully be a lesson on H4 swings that will stay with me. Honestly Strat, I am blown away by how valuable your teaching is on a daily basis. It's like music, you just have to follow the rhythm and you will be fine.
  • #6,627
  • Sep 6, 2018 10:16am Sep 6, 2018 10:16am
Quoting darko2010
{quote} I did see it, I managed my position accordingly when I saw strong rejection on EMA 20 and I was waiting for an opportune PA on EURAUD to share what will hopefully be a lesson on H4 swings that will stay with me. Honestly Strat, I am blown away by how valuable your teaching is on a daily basis. It's like music, you just have to follow the rhythm and you will be fine.

It's like music, you just have to follow the rhythm and you will be fine



* I AGREE *
  • #6,628
  • Sep 6, 2018 10:23am Sep 6, 2018 10:23am
PASR

Quoting HappyTrend
{quote} Hello Strat, i dont understand at all. Im doing wrong? For real, before i went to sleep i was repeating that haha. But today when im watching my charts, i like to see trending and going in to the trend my entries. Can you post an example of any other of your trades (that is already closed for you dont think that im looking only for copy it..), thank you.
The only thing wrong in that post is that you wrote PSAR instead of PASR so it makes me wonder what other careless mistakes do you make?

Can you post an example of any other of your trades (that is already closed for you dont think that im looking only for copy it..)

Sorry, no, because YOU can't trade like me just like I can't trade like YOU and YOU really need to post YOUR charts with YOUR analysis and entries just as others do on here.

After reading the "trader bashings" going on in the Comedy Thread, I don't want to make me or PASR one of their ""targets"".
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,629
  • Sep 6, 2018 10:25am Sep 6, 2018 10:25am
Quoting darko2010
{quote} ........ Honestly Strat, I am blown away by how valuable your teaching is on a daily basis. .......

I am blowing away hourly basis... as I am going through The Path...



(P.S. My fingers are itching to type something here...haha )
Focus, Patience, Discipline, Determination and Perseverance
  • #6,630
  • Sep 6, 2018 10:43am Sep 6, 2018 10:43am
Quoting strat
PASR {quote} The only thing wrong in that post is that you wrote PSAR instead of PASR so it makes me wonder what other careless mistakes do you make? Can you post an example of any other of your trades (that is already closed for you dont think that im looking only for copy it..) Sorry, no, because YOU can't trade like me just like I can't trade like YOU and YOU really need to post YOUR charts with YOUR analysis and entries just as others do on here. After reading the "trader bashings" going on in the Comedy Thread, I don't want to make me or PASR...

All my life i have some "dyslexia", is not what "careless mistakes" i do... is not my intetion to be wrong or make mistakes.. is the reason that im Here and asking you question that btw thank you for your time and the patience that you have to all the members in your thread.

All the time that i said PSAR (PASR) i was refering it "PRICE ACTION SUPPORT RESISTANCE" -> ALL THE TIME <-

and SS "Strat Shadow".

****

I know that i cant Trade like you because all the humans are different, everyone have different psychology, different mind... Is the reason that i want to see your "point of view" for see what can fit in my own psychology... and for learn porpouse.

****

I didnt get your comment about "Trader Bashings". Neither the You or "PASR Targets".

***

Thank you.
  • #6,631
  • Sep 6, 2018 10:49am Sep 6, 2018 10:49am
Quoting strat
GBPCAD {quote} Boss I "see" it is DOWN TREND Have you forgotten who ""CONTROLS"" the Boss? Did you consult the Big Boss? Do you SEE what the Big Boss is telling you? Also don't forget "What goes up MUST come down" and vice versa. {image} Worker Is this a Long PA signal? {image} This is difficult for those not having the "thousands of hours studying thousands of charts" so don't feel bad. Had you done the 3 time frame PASR analysis you would already be looking for LONG positions off the support created across all 3 time frames at BRNs 1.66 to 1.69...
Hi Strat and CJ

Here is similar example of the Big Boss telling the Boss what to do and the Boss listening to the high command. The subsequent trend on the Worker and 4 hour chart is something to behold. I am watching this pair because of the Hammers on the both the Big Boss and Boss charts. I did not trade because I drew in a potential WCC on the Boss and decided I will wait and see what price does. Price did what the chain of command ordered and the worker and in turn the 4 hour frame was only too happy to oblige.

Lesson: We have a saying that says that one swallow does not make a summer. Well one candle does not necessarily mean a WCC either. Although technically it is still a possibility as the week is not finished yet one should not blindly follow preconceived ideas. Rather be open minded and look what PASR is telling me now and follow in the footsteps of the Big Boys.

Regards
Pete
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  • #6,632
  • Sep 6, 2018 11:00am Sep 6, 2018 11:00am
USDCHF

Quoting HappyTrend
{quote} This is another example with USDCHF BigBoss and Boss going in Swing Down. Worker already with LOWER LOWS and SS in Red. {image} My 6 Hour Chart, trading with the Trend... and if i dont take take profit at Support or Resistance, when i arrive to that zone, i set my stoploss to breakeven +1 and start watching Worker Candles looking for the next Support/Resistance. Showing the first trade and my current open second trade. {image}
Remember, PASR DOES NOT TRADE CHF pairs!

Since this is ""only"" an example for PASR:

The last Big Boss Swing was ONLY 900 pips which is fly shit in a pepper pot in the big scheme of things and another reason NOT to trade this pair! Compare this to GBPAUD and GBPCAD whose Big Boss Swings are 10 times greater.

Your analysis is good however your Trade Management is what fits YOUR style, personality and RISK tolerance and will be different to other traders.

I do not like time frames not standard to MT4 as it means using Offline Charts which my previous, long time broker before the FXCM fraud told me, are not reliable.

Here are my USDCHF road maps if I was stupid enough to trade this:

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15 YEARS OF PASR ON FOREX FACTORY!
  • #6,633
  • Sep 6, 2018 11:15am Sep 6, 2018 11:15am
GBPCAD

Quoting HappyTrend
{quote} Hello Strat, when was your first entry at GBPCAD? 08/29/2018 ?
Against my better judgement and this one time only here it is:

I sent a small scout out on August 29, 2018 followed by my ""normal"" position on August 28, 2018.

FIFO for us US Traders makes Trade Management even more difficult even with multiple accounts so we have to exercise much more care to comply with our Number 1 Rule.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,634
  • Sep 6, 2018 11:23am Sep 6, 2018 11:23am
Quoting JCMPete
{quote} Hi Strat and CJ Here is similar example of the Big Boss telling the Boss what to do and the Boss listening to the high command. The subsequent trend on the Worker and 4 hour chart is something to behold. I am watching this pair because of the Hammers on the both the Big Boss and Boss charts. I did not trade because I drew in a potential WCC on the Boss and decided I will wait and see what price does. Price did what the chain of command ordered and the worker and in turn the 4 hour frame was only too happy to oblige. Lesson: We have a saying...
Very interesting pair, even if the WCC is not broken as long as the candle weekly is not closed, it would have been possible to take trade on H1 on the basis of H4 and daily.

Because of my studies, I was unfortunately not able to take it

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  • #6,635
  • Edited 12:33pm Sep 6, 2018 11:38am | Edited 12:33pm
PASR

Quoting HappyTrend
{quote} All my life i have some "dyslexia", is not what "careless mistakes" i do... is not my intention to be wrong or make mistakes.. is the reason that im Here and asking you question that btw thank you for your time and the patience that you have to all the members in your thread. All the time that i said PSAR (PASR) i was referring it "PRICE ACTION SUPPORT RESISTANCE" -> ALL THE TIME <- and SS "Strat Shadow". **** I know that i cant Trade like you because all the humans are different, everyone have different psychology, different mind... Is...
All my life i have some "dyslexia", is not what "careless mistakes" i do...

My ""Big Boss"" is also somewhat dyslexic so you have my sympathy except in your case you have to be EXTRA careful as your "hard earned" money is at RISK.

Is the reason that i want to see your "point of view" for see what can fit in my own psychology... and for learn purpose.

Unfortunately that is not my teaching style which has been so successful on here since February 2009. I don't spoon feed. Instead, to use a cooking analogy, I give the recipe, all the ingredients and the cooking instructions. Students benefit by doing the cooking and submitting their ""result"" for comment. In other words, YOU do the work.

We learn by DOING. We learn by being corrected on our mistakes. We DO NOT learn by READING what others do or don't do. Trading, like life, is getting out there and making IT happen.

As I have posted many times, there are 3 types of people:

1) Those that MAKE IT HAPPEN
2) Those that WATCH it happen
3) Those that say ""What happened?""

Consistently Profitable traders are # 1 and they get there by DOING not by reading, watching or listening.

The more YOU do and post, the more WE can help - without YOU doing, WE cannot help.

I also know English is not your native language so I try my best to make allowances for that.
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,636
  • Sep 6, 2018 11:40am Sep 6, 2018 11:40am
Quoting landax
{quote} Very interesting pair, even if the WCC is not broken as long as the candle weekly is not closed, it would have been possible to take trade on H1 on the basis of H4 and daily. Because of my studies, I was unfortunately not able to take it {image} {image} {image}
Hi Landax, my thoughts exactly...

Thank you for your input!

Pete
  • #6,637
  • Sep 6, 2018 11:46am Sep 6, 2018 11:46am
Weekly Control Candles

Quoting JCMPete
{quote} Hi Strat and CJ Here is similar example of the Big Boss telling the Boss what to do and the Boss listening to the high command. The subsequent trend on the Worker and 4 hour chart is something to behold. I am watching this pair because of the Hammers on the both the Big Boss and Boss charts. I did not trade because I drew in a potential WCC on the Boss and decided I will wait and see what price does. Price did what the chain of command ordered and the worker and in turn the 4 hour frame was only too happy to oblige. Lesson: We have a saying...
Pete, just a reminder:

Weekly Control Candles identify where PRICE is range bound and in consolidation. They are not a ""no trade"" pattern. Each individual trader must use his/her own judgement whether to trade PASR inside a Weekly Control Candle.

From early in my ""old"" original thread: Trends have no rules - get my drift?
15 YEARS OF PASR ON FOREX FACTORY!
  • #6,638
  • Sep 6, 2018 12:13pm Sep 6, 2018 12:13pm
Quoting strat
Weekly Control Candles {quote} Pete, just a reminder: Weekly Control Candles identify where PRICE is range bound and in consolidation. They are not a ""no trade"" pattern. Each individual trader must use his/her own judgement whether to trade PASR inside a Weekly Control Candle. From early in my ""old"" original thread: Trends have no rules - get my drift?
Hi Strat

Yes, I think I do...and this is what is being played out in front of me.

Just to share: the reason for "seeing" Weekly Control Candles" all over the show is probably a sub conscious attempt from me to create "pockets of familiarity" from which to observe or trade further price action, either within or without... but then as you rightly say: Trends have no rules.

Thank you for the confirmation and guidance...

Pete
  • #6,639
  • Sep 6, 2018 12:19pm Sep 6, 2018 12:19pm
Quoting JCMPete
{quote} Hi Strat Yes, I think I do...and this is what is being played out in front of me. Just to share: the reason for "seeing" Weekly Control Candles" all over the show is probably a sub conscious attempt from me to create "pockets of familiarity" from which to observe or trade further price action, either within or without... but then as you rightly say: Trends have no rules. Thank you for the confirmation and guidance... Pete
PS...

You have already told me to simply follow PASR in the footsteps of the big boys. Simple instruction....not so simple to follow...hence 1000's of hours of chart time needed to recognize and imprint.



Pete
  • #6,640
  • Sep 6, 2018 12:32pm Sep 6, 2018 12:32pm
AUDUSD

Quoting darko2010
For AUD fans, worth a look at AUDUSD for next week (maybe) {image} {image}
I had a look but it is not for me as I could not get past the Big Boss

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PRICE is still in a strong DOWN trend until September PRICE shows support.

Without support, PRICE could be pushed down to BRN 0.7 and if that doesn't hold, BRN 0.6

The TREND, Arno, The TREND - not picking tops and bottoms. Thanks anyway.
15 YEARS OF PASR ON FOREX FACTORY!
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